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    755 Kirk Ave

    Lenoir City, TN 37771
    • $875,000
    • STATUS: Active Under Contract
    • ON SITE: 86 days
    • ID#: 1121437
    Under Contract
    UPDATED: 95 min ago
    $875,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,524
      SQFT
    • $92
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1994
    County:
    Area:

    School Ratings & Info

    Description

    UNITS ARE 524 WILSON ST, 755, 800, 900 & 997 KIRK STREET. EXCELLENT INVESTMENT OPPORTUNITY IF YOU ARE LOOKING FOR A WELL-MAINTAINED MULTI-FAMILY INVESTMENT W/ GREAT CASH FLOW. 5 ALL BRICK DUPLEXES ALL 2BD/1BA W/WD CONNECTIONS & ADJACENT TO EACH OTHER. TWI UNITS WERE BUILT IN ''98 BY OWNERS. LONG TERM TENANTS SO OWNERS HAVE NOT RASIED RENTS. ESTIMATED MONTHLY RENTAL SHOULD BE $700-750.00. ALL UNITS ARE METERED SEPARATELY FOR WATER, GAS & ELECTRIC. EACH UNIT HAS A W/D HOOK UPS. NEW ROOF AS OF 10/19 ON 800 KIRK, REMAINING UNITS ROOFS ARE LESS THAN 10 YEARS OLD. NEWER H/A UNITS. 2 UNITS HAVE LARGE WALK -IN UNFINISHED BASEMENT AREA. LOW CITY/COUNTY TAXES/ COVERS TRASH PICK UP. OWNER SELF MOWES. GROSS RENTAL INCOME $70,200- POTENTIAL GROSS RENTAL INCOME WITH IMPROVED RENTS $87,000

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    © 2020 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Catrina Foster Group I Keller Williams Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Catrina Foster Group I Keller Williams Realty. Data last updated: 2020-09-20T23:54:56.08.
    www.catrinafostergroup.com/homes/107276657
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    755 Kirk Ave Lenoir City, TN 37771

    • Price: $875,000
    • Status: Active Under Contract
    • Updated: 95 min ago
    • ID#: 1121437
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,524
    SQFT
    $92
    $/SQFT
    1994
    Built
    Neighborhood:
    Dan Jones Farm Resub
    County:
    Loudon
    Area:
    Lenoir City
    Property Description
    UNITS ARE 524 WILSON ST, 755, 800, 900 & 997 KIRK STREET. EXCELLENT INVESTMENT OPPORTUNITY IF YOU ARE LOOKING FOR A WELL-MAINTAINED MULTI-FAMILY INVESTMENT W/ GREAT CASH FLOW. 5 ALL BRICK DUPLEXES ALL 2BD/1BA W/WD CONNECTIONS & ADJACENT TO EACH OTHER. TWI UNITS WERE BUILT IN ''98 BY OWNERS. LONG TERM TENANTS SO OWNERS HAVE NOT RASIED RENTS. ESTIMATED MONTHLY RENTAL SHOULD BE $700-750.00. ALL UNITS ARE METERED SEPARATELY FOR WATER, GAS & ELECTRIC. EACH UNIT HAS A W/D HOOK UPS. NEW ROOF AS OF 10/19 ON 800 KIRK, REMAINING UNITS ROOFS ARE LESS THAN 10 YEARS OLD. NEWER H/A UNITS. 2 UNITS HAVE LARGE WALK -IN UNFINISHED BASEMENT AREA. LOW CITY/COUNTY TAXES/ COVERS TRASH PICK UP. OWNER SELF MOWES. GROSS RENTAL INCOME $70,200- POTENTIAL GROSS RENTAL INCOME WITH IMPROVED RENTS $87,000
    Exterior Features

    Construction BlockFrame - Brick Driveway Concrete Exterior Features PatioPorch - Covered Garage Parking NoneOn Premise Parking Lot Size 500X100X500X100 Siding Brick

    Interior Features

    Appliances DishwasherDisposalRange/OvenRefrigeratorSmoke Detector Cooling Central Cooling Floors CarpetLaminateVinyl Fuel ElectricGas (Natural) Heat CentralForced Air Misc Features Internet AvailableWasher/Dryer Connect Other Rooms Breakfast RoomFamily RoomMstr Bdrm Main LevelOffice/Br Main Level

    Property Features

    Annual Oper Expenses 10602.00 Auction YN No City County Code City Limits City Taxes 502.53 County Taxes 799.35 Gross Annual Income 70200.00 Lease Information 9 Units Are Month To Month Lease Due To They Have All Been Long Term Tenants 5+ Yrs/ 1 Unit in Lease Lot 5 Miscellaneous No PetsPatioPorchStorage SpaceTv Cable AvailableWasher/Dryer Cnctns Multifamily Sub Type Duplex Net Operating Income 59598.00 New Financing CashNew Loan Owner Expenses Common Area MaintenanceHvac MaintenanceInsuranceLawn MaintenanceRoof MaintenanceTaxes Property Status N/A Pud YN No Restrictions No Sale Includes No Furnishings Tenant Expenses CoolingElectricityGasHeatingTenant Pays All UtilWater/Sewer Total Tax 1301.88 Type Of Units 2 Bedroom UnitUnfurnished Units Leased 10.00 Utilities Mo Avg 0.00

    Listing information © 2020 Knoxville Area Association of REALTORS®, Inc.
    Listing provided courtesy of Re/Max Preferred Properties, Inc..


    © 2020 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Catrina Foster Group I Keller Williams Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Catrina Foster Group I Keller Williams Realty. Data last updated: 2020-09-20T23:54:56.08.
     
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    Catrina Foster Group I Keller Williams Realty
    730 US HWY 321 N., Ste 108
    Lenoir City TN, 37774